Market Forecast on Consumer 3D Sensing Products : Analysis, Strategic Assessment, Trend Outlook And Business Opportunities 2018 - 2026

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Global Consumer 3D Sensing Products Market – Introduction

  • Currently, consumer 3D sensing products are playing a significant role across computing devices, smartphones, and gaming product original equipment manufacturers for utilization in 3D sensing systems.
  • In gaming products, consumer 3D sensing products enable users to control interfaces and body movements efficiently, whereas in mobile devices, consumer 3D sensing products are mainly used for biometric security applications which includes facial recognition.
consumer 3d sensing products market

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Increasing adoption of 3D sensing technology in smartphones and gaming devices: Prominent driving factor of the consumer 3D sensing products market

  • Consumer 3D sensing products enhance camera capabilities for facial and object recognition. 3D sensors are used in different devices including smartphones and gaming devices. Consumer 3D sensing products such as sensors also offer high speed up to 1 kHz, informative data visualization via Mini USB, and high resolution to various components.
  • 3D sensing technology enhances smartphone performance by using gesture recognition that helps smartphones to develop touchscreen capabilities by using the user’s gesticulations from the smartphone. Manufacturers of smartphones are expected to adopt the 3D sensing technology in their next generation smartphone devices to enhance the camera capabilities for higher accuracy, object recognition, and depth data.
  • For instance, leading manufacturers (Qualcomm and Himax), jointly announced Android smartphone in August 2018 enabled by 3D sensing technology in the consumer electronics market. 3D sensing technology is also largely applicable in the gaming industry to enhance gaming interactions with the user. Many companies including Microsoft Corporation innovated 3D sensing technology to be used across the gaming industry. For instance, Kinect is a Microsoft innovation designed for the Xbox 360 gaming console. It permits players to interact automatically and without any intermediary device.
  • Therefore, increasing adoption of 3D sensing technology in smartphones and gaming devices is projected to impact the consumer 3D sensing products market significantly.

High cost of 3D sensing technology expected to significantly hamper the market

  • Consumer 3D sensing products entail high maintenance cost due to the complex circuits deployed in gesture recognition (VCSELs technology). This is a major restraining factor that could hamper the growth of the consumer 3D sensing products market worldwide. Few original equipment manufacturers (OEMs) are formulating various strategies to expand VCSEL production in response to the sensor demand; however, the low yield rate is leading to a lack of supply demand for consumer 3D sensing products in the market. Therefore, high cost of 3D sensing technology is expected to significantly hamper the consumer 3D sensing products market.

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